Question 1

How much does workers' comp cost for Electrical Installation - Interior in Colorado?

Accepted Answer

The current rate for Electrical Installation - Interior (Class Code 5140) in Colorado is $4.67 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2335 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in Colorado?

Accepted Answer

Yes, workers' compensation insurance is mandatory in Colorado for all employers with at least one employee.

Question 3

How does Colorado's rate compare to other states?

Accepted Answer

Colorado's rate for Electrical Installation - Interior is $4.67, which is $0.94 below the national average of $5.61 (-17%).

Question 4

What does class code 5140 cover?

Accepted Answer

Covers workers performing interior electrical installation including wiring, outlets, panels, and lighting fixtures.

State	Rate per $100	Difference
Colorado (current)	$4.67	—
Indiana	$4.10	-0.57
Texas	$4.31	-0.36
Virginia	$4.36	-0.31
Utah	$4.46	-0.21
Arkansas	$4.62	-0.05

Workers' Comp Rate for Electrical Installation - Interior in Colorado (Class Code 5140)

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